I attended the Creativity and Technology conference in London yesterday where there was lots of good ideas and comment about the opportunities (and dangers) that technology offers consumers, advertising and the world in general in the present and near future. Lots of talk about augmented reality, lots of impressive looking creative product, and lots and lots of Apple products about (must have wounded Microsoft, one of the sponsors, just a little bit).
Earlier in the week I attended one of the IPA's Behavioural Economics workshops, and this area was referred to again in one of the talks yesterday. Behavioural Economics is gaining heat within the communications fraternity at the moment. It's an area that we've made reference to quite a lot within this blog thorugh its history and, as Toby mentioned, more is to come. In this instance it was Lastminute.com's Marko Balabanovic who was talking about the effect of expanded choice on consumer decision-making (a la Schwartz's 'Paradox of Choice').
Marko talked about a new iPhone app called 'Topsee' which provides consumers with entertainment options close to wherever they are (restricted to London Zone 1 at present). So far, so whatever. However where other info providers might strive to provide the consumer with the maximum number of options available to them, limited only by the data that the provider had access to, Topsee limits what the consumer sees. It is designed only to provide a few options, based on bringing to you only specific, recommended experiences. Marko gave an example of a restaurant recommendation that might be provided specifically because the risotto it does is a food critic's favourite dish.
It's easy to start to drown in choice in London when every option is put in front of you. I quite liked Topsee's approach as a reaction to this. As long as the recommendations are kept fresh I can see it being a very useful tool. It's nothing new of course, more a return to old-fashioned recommendation. But good to see a use of location-based data that doesn't succumb to the temptation to throw everything it can at the consumer and leave them with a load of indecision.
-- Alex